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The Latest Breaking News from OECD

Federal Test Data Shows US Students Are Still Behind Pre-Pandemic Levels in Maths and Falling Further Behind China

Federal data shows US 13-year-olds have not improved in maths or reading since 2023, remaining below pre-pandemic levels, while younger students show gains.

International Business Times UK

The €3trn question: Can markets handle SpaceX, OpenAI and Anthropic all at once?

Three of the most valuable companies ever created are going public within months of each other. The combined value of SpaceX, OpenAI and Anthropic could reach $4 trillion (€3.44trn). Wall Street is excited but also nervous.

Euronews

Govt ramps up UK trade ties to boost OECD bid

Thailand and the United Kingdom have agreed to strengthen trade and economic cooperation as Bangkok pushes ahead with its goal of joining the OECD by 2028, Commerce Minister Suphajee Suthumpun said.

Bangkok Post

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New forecasts lay out 2 rocky paths for global economy

Either path leaves the global economy worse off than before the war, with slower growth and hotter inflation.

Axios

Sihasak maps out vision at OECD meet

Foreign Affairs Minister Sihasak Phuangketkeow said competitiveness in the modern era is determined not merely by investment incentives but increasingly by workforce skills, innovation, regulatory quality, ease of doing business and policy stability.

Bangkok Post

US to uphold tariff caps in deals with EU, Japan: Greer

The US has struck deals with ‌the EU and Japan that limit US ⁠tariffs on most EU or Japanese imports to a maximum of 15 per cent.

AAP

Global steel crisis deepens as oversupply reaches alarming levels, OECD warns

The global steel industry is facing a growing crisis as subsidised production and excess capacity continue to distort markets, according to the OECD. It says state-backed steel production, particularly in China, is increasing pressure on producers in Europe and other OECD economies.

Euronews

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OECD warns of 'scarring effects,' recession scenarios—but finds 'no signs of widespread labour displacement' from AI

The real problem for AI adoption, the global body says: "a lack of workers with digital skills emerging as a barrier to the adoption of AI technologies."

Fortune

Collapse is near: Trump's window to resolve Iran crisis closing fast

West Asia tensions are escalating, impacting global markets. Iranian attacks and US strikes near the Strait of Hormuz are disrupting oil supplies. Economists warn of a significant economic shock if a US-Iran agreement remains elusive. This conflict threatens jobs and economic growth worldwide, particularly in Europe and Asia. The world…

The Economic Times

OECD Cuts Global Growth Outlook As U.S.-Iran War Weighs On Economy, Energy Markets

The global economy is expected to slow this year as the fallout from the U.S.-Iran war continues to ripple through energy markets, trade routes and investment activity, according to the OECD.

International Business Times

Report: Disruption of Mideast energy supplies into next year would slam global economy

Prolonged disruption of energy supplies from the Middle East that lasts into next year would deal a severe blow to the global economy

The Independent UK

OECD cuts 2026 global growth forecast and warns of recession risk if Iran war persists

The war in the Middle East has dented economic growth prospects worldwide, with a more severe shock likely if no effective ceasefire is agreed before 2027, the OECD warned Wednesday.

Euronews

Global economic body weighs in on Australian rate rises

The OECD expects Australia's economic growth rate to slow to 1.8 per cent in 2027, which might require the Reserve Bank to lower interest rates.

AAP

OECD warns prolonged Middle East war could sharply slow global growth

The global economy faces uncertainty due to the Middle East conflict. The OECD warns of recession and rising inflation if the war continues into next year. A prolonged conflict could significantly slow global growth. Asian nations heavily reliant on Middle East energy supplies are expected to face the biggest impact.…

The Economic Times

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The Guardian - UK

OECD predicts spate of recessions globally if Iran conflict drags into 2027

Policy forum lays out ‘prolonged disruption’ scenario in which world’s GDP falls to 2.1% this year from 3.4% in 2025

The Guardian - UK

Rural UK ‘particularly at risk’ of diesel shortages if Iran war continues

OECD forecast sets out economic risks from conflict, pointing to potential shortfalls to key energy products

Evening Standard

UK economy to grow 0.9% this year but outlook cut for 2027 – OECD

Forecasts predicted that global economic growth will slow to 2.8% this year, from 3.4% in 2025.

Euronews

Waiting times for healthcare in Europe: The worst countries ranked

Waiting times for treatment in some European countries can run for years. This has real consequences for patients, experts warn. Euronews Health takes a close look at waiting times across several categories.

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Euronews

Newsletter: A historic, hardline shift in EU migration policy

Also in this newsletter: Denmark's Mette Frederiksen holds on, Magyar sets off to Berlin and Paris, and former Lebanese deputy PM speaks live to Europe Today.

Euronews

China's state subsidies up to eight times more than OECD's, report says

Chinese state subsidies have hit record levels, climbing to nearly 10% of company revenue in the chip sector and distorting markets, according to a new OECD report, published as the EU mulls new measures to counter Beijing's aid.

Euronews

Kazakhstan targets €45bn in non-commodity exports as global export insurers turn to Central Asia

Kazakhstan plans to increase non-commodity exports by more than a quarter to nearly €45 billion by 2030, as global export credit agencies and investment insurers expand their presence in the country to back major infrastructure and industrial projects.

Newsroom.co.nz

Erica Stanford wants to tell you a story. Don’t listen.

Comment from Auckland University: Education is complicated, and we should be wary of stories that suggest it is otherwise

Euronews

What's left of a €100,000 salary after tax across Europe?

Eastern Europe generally offers higher take-home pay on a €100,000 gross salary, whereas Western and Northern Europe tend to show lower net figures at this income level. Tax calculations are complex, and Euronews Business provides approximate estimates.

Bangkok Post

Parliament okays business licensing draft in OECD push

A draft law aimed at streamlining business licensing procedures has received parliamentary approval, supporting Thailand's goal of joining the Organisation for Economic Co-operation and Development (OECD).

Newsroom.co.nz

Move-on orders punish poverty while we defund all the ways out of it

Comment: Begging and rough sleeping aren’t crimes of disorder. They’re symptoms of an under-resourced, under-performing security net.

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